Shariah Concept

Bai Bithaman Aajil (BBA)

Bai Bithaman Ajil means a "deferred payment sale". Under this principle, the Bank first sells an asset to the customer, on cash payment basis at a price equal to the Investments amount. The Bank then purchases the asset from the Customer on deferred payment basis at an agreed price, equal to the Investments amount plus the profit amount.

Eligibility

Companies registered or incorporated in Negara Brunei Darussalam, either in the form of a proprietorship, partnership or private limited company.

Required Documents

For Proprietorship & Partnership Company:

Letter of Application

For Private Limited Company:

Directors' Resolution to open/maintain term Investments

Fees and Requirements

Minimum Opening Deposit

For term periods of 3 months or longer, minimum opening deposit is BND 1,000.For term period of 1 month, minimum opening deposit is BND 5,000.